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Message: Press Release Source: White Pine Resources Inc. Jan 19,2009.

Press Release Source: White Pine Resources Inc. Jan 19,2009.

posted on Jan 19, 2009 12:41PM


Press Release Source: White Pine Resources Inc.

White Pine (WPR)-Metalex-Arctic Star Joint Venture Intersect 19.3m of 10% Zn and 41.5g/t Ag in Hole 5.01-16, 5.01 Project, James Bay Lowlands, Ontario

  • Monday January 19, 2009, 12:31 pm EST

TORONTO, ONTARIO--(Marketwire - Jan. 19, 2009) - White Pine Resources Inc. (TSX VENTURE:WPR - News; "WPR"), Metalex Ventures Ltd. (TSX VENTURE:MTX - News; "Metalex"), and Arctic Star Resources Inc.'s (TSX VENTURE:ADD - News; "Arctic Star") Joint Venture Project along the Ring of Fire, 45 kilometers North of Noront Resources Limited's ("Noront") Eagle One Deposit has encountered additional Volcanic Derived Sulphides (VDS) mineralization on its 5.01 discovery, James Bay, Ontario. The property consisting of 160 acres is under option by WPR, whereby WPR can earn up to a 50% interest in the property (WPR has earned 25% to date). Within the option agreement covering approximately 21,400 hectares, there are numerous other high priority targets.

To date, on the 501 discovery, 42 holes (1-41 and 43) have been completed totaling 10,786 meters. The high grade Zn-Cu-Pb-Ag mineralized zone has been delineated over a north-south strike length of 200m and to a vertical depth of 275m from surface. The zone dips steeply at 75 degrees to the east and appears to have a steep 65 degree plunge to the south. Horizontal widths of the high grade zone can reach up to 22m.

The following table summarizes the recent drilling on 5.01 on holes 16-43 with significant mineralized intervals:



Hole          From        To     Length      Cu        Pb      Zn    Ag
                (m)       (m)        (m)      %         %       %   g/t
5.01-16       67.0      77.0       10.0    0.33      0.14    1.79   6.8
              79.0     120.0       41.0    0.59      0.00    0.10   5.2
             167.4     186.7       19.3    0.10      1.85   10.02  41.5
including    167.4     171.8        4.4    0.12      2.79   19.32  63.1

5.01-17      186.2     188.2        2.0    0.58      0.00    2.37   3.4

5.01-19       82.8      93.8       11.0    0.47      0.16    4.54   7.8
             120.8     128.8        8.0    0.11      0.04    3.62   9.0

5.01-20       73.7      84.1       10.4    0.24      0.15    6.65   3.9
             103.0     124.8       21.8    0.10      0.30    1.29  17.3
             195.5       209       13.5    0.13      0.01    1.28   5.4

5.01-21       57.4      89.0       31.6    0.64      0.10    3.70   7.9
   incl       57.4      76.0       18.6    0.75      0.17    5.11   9.9

5.01-22      236.5     283.4       46.9    0.19      0.00    1.00   1.9

5.01-24      179.9     187.2        7.3    0.39      0.14    4.46   9.3

5.01-25      270.7     274.3        3.6    0.17      0.00    4.56   1.8

5.01-26       90.0      97.5        7.5    0.08      0.07    4.92   5.4

5.01-28       24.0      31.7        7.7    0.62      0.01    0.22   4.7

5.01-29      127.4     148.1       20.7    0.22      0.19    6.35   9.5

5.01-30       94.9     111.5       16.6    0.50      0.07    2.77  10.2
   incl       94.9      98.6        3.7    0.33      0.22    6.85   8.6

5.01-31      127.5     135.0        7.5    0.18      0.04    1.90   6.2

5.01-32      204.3     246.5       42.2    0.52      0.02    3.12   6.3
   incl      204.3     230.5       26.2    0.26      0.03    4.65   4.6

5.01-33      165.8     172.1        6.3    0.14      0.03    3.60   3.6
             205.3     218.3       13.0    0.04      0.04    1.21   3.3

5.01-35      268.3     285.4       17.1    0.46      0.00    1.55   8.9

5.01-37      240.9     245.7        4.8    0.47      0.01    5.97  4.43


The widths given above are core widths only and do not represent true widths
which cannot be determined at this time.



The following table contains the grid and UTM locations along with collar information for holes 16-41 and 43. Please review the collar table in the press release dated Sept 9, 2008 for collar locations on holes 1-25.



-------------------------------------------------------------------------
Hole No.       Local E   Local N    UTM e  UTM n    Azimuth   Dip  Length
-------------------------------------------------------------------------
-------------------------------------------------------------------------

-------------------------------------------------------------------------
DDH501-26       L1+80E     0+50N   522396   5901526     270    -49    198
-------------------------------------------------------------------------
DDH501-27       L1+80E     0+50N   522396   5901526     270    -77  163.5
-------------------------------------------------------------------------
DDH501-28       L1+37E     0+25N   522348   5901500     270    -45    108
-------------------------------------------------------------------------
DDH501-29       L2+35E      0+00   522433   5901475     270    -65    201
-------------------------------------------------------------------------
DDH501-30       L1+87E     0+50S   522399   5901425     270    -47    279
-------------------------------------------------------------------------
DDH501-31       L1+87E     0+50S   522399   5901425     270    -69    306
-------------------------------------------------------------------------
DDH501-32       L1+87E     0+50S   522399   5901425     270    -84    267
-------------------------------------------------------------------------
DDH501-33       L2+50E     0+75S   522460   5901400     270    -45    291
-------------------------------------------------------------------------
DDH501-34       L2+50E     0+75S   522460   5901400     270    -61    324
-------------------------------------------------------------------------
DDH501-35       L2+50E     0+75S   522460   5901400     270    -72    303
-------------------------------------------------------------------------
DDH501-36       L2+40E     1+25S   522456   5901344     270    -45    219
-------------------------------------------------------------------------
DDH501-37       L2+40E     1+25S   522456   5901344     270    -62    297
-------------------------------------------------------------------------
DDH501-38       L2+40E     1+25S   522456   5901344     270    -78    393
-------------------------------------------------------------------------
DDH501-39       L2+90E     1+75S   522510   5901300     270    -45    414
-------------------------------------------------------------------------
DDH501-40       L2+90E     1+75S   522510   5901300     270    -55    300
-------------------------------------------------------------------------
DDH501-41       L2+90E     1+75S   522510   5901300     270    -65    441
-------------------------------------------------------------------------
DDH501-43       L4+80E     0+25N   522690   5901500     270    -50    591
-------------------------------------------------------------------------



The 5.01 Project is managed by WPR for the Joint Venture partners under supervision of Mike Kilbourne, P.Geo, President, White Pine Resources Inc. Metalex Ventures remains the operator. Mr. Kilbourne prepared this release and states:

"We are pleased with the results of the second phase of drilling. We had a very favourable hit to miss ratio as the new interpretation of the geometry of the zone proved to be correct. We also intersected and interpreted geological units, mineralogical patterns and alteration minerals all indicative of world class VMS deposits. Further work will include some deep penetrating geophysical surveys to aid in defining additional drill targets as the zone remains open at depth."

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